HMRC Budget Payment Plans

HMRC now provides Self Assessment customers whose payments and returns are up to date, the option to start a budget payment plan. It allows taxpayers to make regular advance payments towards their next Self Assessment tax bill by Direct Debit.

An HMRC online account is required to setup and manage the budget payment plan, after which, they can:

• decide the regular weekly or monthly amount they want us to collect
• choose to amend their regular payment amount
• choose to suspend payment for a period of up to 6 months
• cancel it at any time

The budget payment plan does not mean payment can be delayed beyond the due date. They will need to ensure that any balance still owing (after subtracting their budget payment plan payments) is paid off by the due date. Any balance still owed after the due date will become liable for interest.

More information can be found by following the ‘Pay weekly or monthly’ page.